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Kazakhstan rolls out rules for miners to apply for capped fees on electricity usage

Kazakhstan’s government intends to fill up the national Bitcoin reserve by withholding a portion of the cryptocurrency extracted under new rules for “strategic digital mining.” The recently approved framework offers participating miners preferential access to electric power in ex

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Kazakhstan rolls out rules for miners to apply for capped fees on electricity usage

Kazakhstan’s government intends to fill up the national Bitcoin reserve by withholding a portion of the cryptocurrency extracted under new rules for “strategic digital mining.” The recently approved framework offers participating miners preferential access to electric power in exchange for up to a tenth of all coins minted in their data processing facilities. Kazakhstan to tap into cryptocurrency mined in the country Authorities in Astana have elaborated a scheme to replenish Kazakhstan’s crypto reserve by diverting some of the digital currency minted in the Central Asian nation.

The executive power in the capital has adopted new rules for “strategic mining,” which boil down to offering selected enterprises guaranteed supply of much-needed electricity. Mining firms are to return the favor by transferring to the state up to 10% of the coins produced in their Bitcoin farms, after deducting the cost of the electrical energy consumed in the process. The new regulations, contained in a recently published government decree, are set to come into full effect on August 1, 2026, the Russian crypto news outlet Bits.

media revealed Thursday. The document introduces 10-year quotas for power supplied initially by the state-run Ekibastuz-1 coal-fired thermal power plant in the Pavlodar region of northeastern Kazakhstan. It allows miners to purchase a total of 300 megawatts (MW) of electricity at capped rates directly from one of the country’s largest producers, bypassing distributors.

Participants will have to maintain a separate wallet to store and transfer the cryptocurrency minted under the new program, although they won’t be prohibited from mining outside of it. Strategic mining companies to meet strict requirements To take advantage of the government-proposed incentives under the “strategic digital mining” initiative, mining entities need to submit a formal application. The latter must be accompanied with documents proving they are compliant with a long list of requirements, a

Nguồn: Cryptopolitan

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